Checkbook Review

What is the starting balance on this check register?

• 4720.33
• 4500.00
• 4500.75
• 4320.00

When you write a check from your checking account, the amount of the check will be ______ from your account.

• added
  added
• subtracted
  subtracted
• multiplied
  multiplied
• divided

What do I write when I want to cancel a check?

• Null

• Void

• Balance

• Nevermind

What is another name for the total in your checking account?

• deposit

• void

• withdrawal

• balance

What should be written on line 2?

• the date
• the amount of the check
• who the check is going to
• your signature

The first set of numbers at the bottom of your check are called

• check routing numbers.
• checking account numbers.
• deposit numbers.
• banking numbers.

In which format would you write the amount of the check in the small space that starts with the dollar sign?

• 100.00
• One hundred dollars and no/100
• 100 dollars and 00 cents
• One hundred dollars and no cents.

A debit card

• is the same as a credit card.
• charges interest on all transactions.
• is the same as a check, only in a plastic form.
• is similar to a check, but delays payments like a credit card.

Reconciling a bank statement is used to

• find your daily account balance.
• write down all transactions with your account.
• determine if there are any discrepancies in your records.
• track all fees paid to your financial institution.

What should be written on line 6?

• the date
• the amount of the check
• who the check is going to
• your signature